Chariot (LON:CHAR) Sets New 52-Week High – Here’s What Happened

Shares of Chariot Limited (LON:CHARGet Free Report) reached a new 52-week high during trading on Thursday . The stock traded as high as GBX 3 and last traded at GBX 2.93, with a volume of 52527039 shares changing hands. The stock had previously closed at GBX 2.49.

Chariot Trading Down 6.1%

The firm has a market capitalization of £78.85 million, a PE ratio of -0.80 and a beta of 0.48. The firm’s 50-day simple moving average is GBX 1.63 and its 200-day simple moving average is GBX 1.55. The company has a quick ratio of 3.74, a current ratio of 0.59 and a debt-to-equity ratio of 0.64.

About Chariot

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Chariot is an Africa focused energy group with two core business streams: Upstream Oil and Gas and Renewable Power.

Chariot’s Upstream Oil and Gas pillar is focused on building out a full value chain growth business within Africa. Alongside securing a footprint in Angola, Chariot holds a diverse portfolio in Morocco and is pursuing a range of new ventures with a focus on production opportunities as well as its ongoing exploration interests in Namibia.

Chariot’s Renewable Power business is focused on providing competitive, sustainable and reliable energy through building, generating and trading renewable power in South Africa as well as progressing the development of its power-to-mining projects on the continent.

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